BlackRock outlook, advice for bonds and stocks amid rising rates
Last weeks' sharp move in the 10-year yield unsettled the stock market. However, Gargi Chaudhuri doesn't expect nominal interest rates to return to pre-pandemic levels. She explains why, and shares three areas of the market that have already gained traction. Last week, the stock market came under pressure as rising bond yields sparked a volatile end to February. However, US stocks came out strong on Monday, with all three major indexes bouncing back from last week's losses. On Monday morning, the Dow kicked off with a 2% spike, while the S&P 500 climbed around 1.9%. The Nasdaq enjoyed a...
Source: businessinsider.com